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The Destin Company reported net income of $55,000 on sales of $350,000. The company has total assets of $575,000 and total liabilities of $150,000. What
The Destin Company reported net income of $55,000 on sales of $350,000. The company has total assets of $575,000 and total liabilities of $150,000. What is the company's return on equity ratio? (Round your final answer to 2 decimal places.)
9.57%
36.67%
15.71%
12.94%
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